After a two-year hiatus, the Red Hot Chili Peppers are set to regroup in  October, drummer Chad Smith says.

Smith has been busy with his side project, Chad Smith's' Bombastic Meatbats, and as a member of Chickenfoot, but soon, it will be Chili time and Smith is ready. The group's hiatus was initially slated for one year, but it expanded into two.

"Everybody was like, '' Y'know, I really like having this time off, not being a Chili Pepper and doing other things," he tells Billboard. "It'll be two years in September, so now we're ready. You can't force people to play when they don't want to play or aren't ready to play or whatever -- not in our band, anyway."

Smith adds he had no idea when the next RHCP album will surface or who will produce it, although he wouldn't rule out Rick Rubin, who has produced the last five CDs.  "[He] always ends up being the guy...But we haven't discussed it."

The group's last album, "Stadium Arcadium," has been certified double platinum by the RIAA.